Reliance Trust Co. of Delaware decreased its stake in Anadarko Petroleum Corp. (NYSE:APC) by 45.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 23,079 shares of the oil and gas development company’s stock after selling 19,233 shares during the period. Reliance Trust Co. of Delaware’s holdings in Anadarko Petroleum Corp. were worth $1,463,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in APC. Ladenburg Thalmann Financial Services Inc. boosted its position in Anadarko Petroleum Corp. by 2.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,751 shares of the oil and gas development company’s stock valued at $733,000 after buying an additional 435 shares during the last quarter. Park National Corp OH raised its stake in shares of Anadarko Petroleum Corp. by 1.3% in the second quarter. Park National Corp OH now owns 5,929 shares of the oil and gas development company’s stock valued at $316,000 after buying an additional 78 shares during the period. Raymond James Trust N.A. raised its stake in shares of Anadarko Petroleum Corp. by 6.1% in the second quarter. Raymond James Trust N.A. now owns 17,800 shares of the oil and gas development company’s stock valued at $948,000 after buying an additional 1,031 shares during the period. Merriman Wealth Management LLC purchased a new stake in shares of Anadarko Petroleum Corp. during the second quarter valued at approximately $2,748,000. Finally, British Columbia Investment Management Corp raised its stake in shares of Anadarko Petroleum Corp. by 10.4% in the second quarter. British Columbia Investment Management Corp now owns 195,133 shares of the oil and gas development company’s stock valued at $10,391,000 after buying an additional 18,442 shares during the period. Institutional investors own 85.93% of the company’s stock.

Institutional Ownership by Quarter for Anadarko Petroleum Corp. (NYSE:APC)

Shares of Anadarko Petroleum Corp. (NYSE:APC) traded down 2.97% during trading on Tuesday, reaching $60.16. 6,681,775 shares of the company’s stock were exchanged. The company’s market capitalization is $33.62 billion. Anadarko Petroleum Corp. has a 52-week low of $28.16 and a 52-week high of $65.47. The company has a 50 day moving average price of $62.09 and a 200-day moving average price of $56.77.

Anadarko Petroleum Corp. (NYSE:APC) last announced its earnings results on Monday, October 31st. The oil and gas development company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.54) by $0.35. The firm earned $1.89 billion during the quarter, compared to the consensus estimate of $2.19 billion. Anadarko Petroleum Corp. had a negative return on equity of 10.73% and a negative net margin of 50.51%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.72) EPS. On average, equities analysts forecast that Anadarko Petroleum Corp. will post ($3.05) earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 28th. Investors of record on Wednesday, December 14th will be issued a $0.05 dividend. The ex-dividend date is Monday, December 12th. This represents a $0.20 annualized dividend and a yield of 0.33%. Anadarko Petroleum Corp.’s dividend payout ratio (DPR) is presently -2.68%.

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APC has been the topic of several research analyst reports. Royal Bank Of Canada boosted their price target on Anadarko Petroleum Corp. from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 13th. boosted their price target on Anadarko Petroleum Corp. from $58.00 to $60.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 14th. Deutsche Bank AG boosted their price target on Anadarko Petroleum Corp. from $60.00 to $64.00 and gave the stock a “hold” rating in a research note on Thursday, September 15th. Guggenheim raised Anadarko Petroleum Corp. from a “neutral” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Friday, November 11th. Finally, Wells Fargo & Co. set a $70.00 price target on Anadarko Petroleum Corp. and gave the stock a “buy” rating in a research note on Friday, September 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $68.48.

About Anadarko Petroleum Corp.

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.

5 Day Chart for NYSE:APC

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